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This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...
Persistent link: https://www.econbiz.de/10014398067
the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico …
Persistent link: https://www.econbiz.de/10011671097
-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several … different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling …
Persistent link: https://www.econbiz.de/10014400374
This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic …
Persistent link: https://www.econbiz.de/10014399996
in absolute terms and as a fraction of real economic activity. Empirical results using data for Mexico, Chile, Argentina …, and Israel support a negative statistically significant relationship between credit and inflation for Mexico, Argentina …, and Chile, but not for Israel. In addition, for both Chile and Mexico, dummy variables representing periods of inflation …
Persistent link: https://www.econbiz.de/10014398434
This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile …
Persistent link: https://www.econbiz.de/10014398469
and macroeconomic policy changes experienced by Chile. Channels through which financial sector troubles may have …
Persistent link: https://www.econbiz.de/10014396225
This paper builds a model of financial sector vulnerability and integrates it into a macroeconomic framework, typically used for monetary policy analysis. The main question to be answered with the integrated model is whether or not the central bank should include explicitly the financial...
Persistent link: https://www.econbiz.de/10014398252
This paper provides an analytical overview of the most widely used capital flow datasets. The paper is written as a guide for academics who embark on empirical research projects and for policymakers who need timely information on capital flow developments to inform their decisions. We address...
Persistent link: https://www.econbiz.de/10012301943
Profit shifting by multinational enterprises-through manipulation of transfer prices of related-party trade, intragroup lending, or the location of intangibles-affects international flows, raising the question of its impact on the current account and external balances. This paper approaches this...
Persistent link: https://www.econbiz.de/10012518311